Business Education

The Hidden Priorities Small Business Owners Lose Over the Year—and How to Get Them Back

The end of the year can mean many things to many people. But for small business owners, the year’s end presents an opportunity to get past the cluster and apathy that’s built up for the past twelve months, and provide a time to reembrace an enthusiasm that allows for a genuine refocus to start the next year out on an energetic mission seeking to rekindle the fire they felt before and give their businesses renewed purpose.

Refocusing on the Priorities Small Business Owners Often Lose—and Need Most—in the New Year

The start of a new year gives small business owners something they rarely get during the grind of daily operations: a natural pause. It’s a chance to step back, zoom out, and reclaim the priorities that slipped through the cracks while you were busy keeping the lights on. The truth is, most owners don’t lose track of what matters because they’re careless—they lose track because they’re overloaded. The new year is your opportunity to reset the balance.

Revisit Your Vision Before Your To‑Do List

Before diving into goals, take a moment to reconnect with the reason you started the business. Vision drift is real. Over time, urgent tasks crowd out meaningful direction, and you end up running a business that feels reactive instead of intentional.

First, clarify what success looks like now. Your definition may have changed since you launched. Next, identify what no longer fits. Products, services, or habits that once made sense may now be distractions. Then, choose one or two strategic priorities. Not ten. Not even five. Focus sharpens impact.

This isn’t fluffy reflection—it’s strategic alignment. When your vision is clear, your decisions get easier.

Strengthen the Systems You’ve Been “Meaning to Fix”

Every business has them: those clunky processes you tolerate because you’re too busy to overhaul them. The new year is the perfect time to finally address the inefficiencies that quietly drain time, money, and morale.

Automate repetitive tasks. Invoicing, scheduling, follow-ups—these shouldn’t require manual effort.
Document your workflows. If it lives only in your head, it’s a bottleneck.
Upgrade outdated tools. Software that “mostly works” is costing you more than you think.

Improving systems isn’t glamorous, but it’s one of the highest‑ROI moves a small business can make.

Reinvest in Relationships That Matter

During busy seasons, relationship-building is often the first thing to slip. Yet your business depends on the people who trust and support you—customers, partners, employees, and your community.

Reconnect with top customers. A simple check‑in can spark new opportunities.
Strengthen your team culture. Recognition, clarity, and communication go further than perks.
Expand your network intentionally. Don’t wait for referrals—cultivate them.

Relationships compound. A small investment now pays off all year.

Reclaim Your Time and Energy

Many owners enter January exhausted. The new year is a chance to rebuild healthier habits that support long-term performance.

Set boundaries around your availability. Constant accessibility is not a business strategy.
Delegate with purpose. If someone else can do it 80% as well, hand it off.
Schedule CEO time. Weekly, non-negotiable time for strategy—not operations.

Your business can’t stay strong if you’re running on fumes.

Make Data Your Decision-Making Partner

Gut instinct is valuable, but data keeps you honest. The new year is a great time to build or refine the metrics that actually matter. This is why it’s important to track leading indicators and not just revenue—look at pipeline, retention, and conversion. Also, be sure to review your financials monthly, and don’t procrastinate with “I’ll catch up next quarter.” You should additionally use data to prune distractions. If something isn’t performing, adjust or eliminate it. Remember, data turns guesswork into strategy.

Want to Accomplish More?

Do you want your company to grow faster and earn more while spending more time with your family doing everything you started your business to do?

We can make that dream a reality. Give us 30 minutes, and we will show you how to get your life back. Skeptical? Good! Put us to the test.

You can call us for your free appointment at 480-636-1720, or, if you prefer, Waters Business Consulting Group to learn more about us and the services we offer.

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How Small Business Owners Can Stop Themselves from Rationalizing Bad Decisions

June 16, 2023 No Comments

Running a small business comes with its fair share of challenges, and one of the most critical aspects of success lies in making sound decisions. However, human nature often leads us to rationalize bad decisions, which can have detrimental effects on our companies. As a small business owner, it’s crucial to recognize and overcome this tendency to protect your business’s long-term viability and growth. So, let’s take a few moments to describe some effective strategies that entrepreneurs can use to prevent themselves from rationalizing bad decisions and safeguard their companies. How Small Business Owners Can Stop Themselves from Rationalizing Bad Decisions Okay, every small business owner makes bad decisions from time to time. But some owners are better at recognizing and correcting their mistakes than others. Here are a few tips for small business owners who want to stop themselves from rationalizing bad decisions and start making better ones: Be Aware of Your Biases We all have biases, and they can often lead us to make bad decisions. For example, we may be more likely to trust information that confirms our existing beliefs, or we may be more likely to make decisions that benefit us personally, even if they’re not in the best interests of our business. The first step to overcoming our biases is to be aware of them. Once we know what our biases are, we can start to challenge them and make more objective decisions. Conduct Thorough Research To avoid rationalizing poor decisions, it’s essential to gather as much information as possible before making choices that impact your business. Invest time in conducting thorough research, analyzing market trends, assessing customer needs, and evaluating potential risks. This data-driven approach will provide a solid foundation for decision-making and reduce the likelihood of rationalization based on incomplete or biased information. Get Input from Others Sometimes, the best way to avoid making a bad decision is to get input from others. This could include your employees, your customers, or even your friends and family. When you get input from others, you get a different perspective on the situation, which can help you to make a better decision. Set Clear Decision-Making Criteria Establishing clear decision-making criteria helps in maintaining objectivity and avoiding the temptation to rationalize bad choices. Before making any important decision, define the specific criteria that must be met for it to be considered valid. These criteria could include financial viability, alignment with long-term goals, or alignment with the company’s core values. By adhering to these pre-established criteria, you can prevent rationalization and maintain a strategic focus. Take Your Time Of course, you shouldn’t feel pressured to make a decision right away. Sometimes, the best decision is to wait and see how things develop. If you take your time and make a decision when you’re calm and collected, you’re less likely to make a mistake. Be Willing and Able to Change Your Mind Even if you’ve made a decision, be willing to change your mind if new information comes to light. It’s important to be flexible and adaptable, especially in an ever-changing business world. Let’s face it, most of the time, the biggest obstacle and the most harmful person in your way is typically the face in the mirror. All of us make bad decisions, even when we know better because it’s all too easy to rationalize in the moment. Additionally, it’s a good idea to build a culture of accountability within your business is crucial for preventing rationalization. Encourage your team members to take ownership of their decisions and actions, and create an environment where open and honest feedback is valued. Foster an atmosphere where mistakes are seen as learning opportunities rather than reasons for blame. When individuals feel accountable for their decisions, they are more likely to critically evaluate their choices and avoid rationalization. What other suggestions do you have other business owners can use to stop making rash decisions? Please, go ahead and comment so others can benefit from your input and perspective! Interested in learning more about business? Then just visit Waters Business Consulting Group to learn more about us and the services we offer.

Punctuality vs. Performance: When Your Top Talent Routinely Shows Up Tardy

July 17, 2025 No Comments

Very few things are as frustrating as a brilliant employee who consistently arrives late.

Do Businesses Really have a Credit Score?

February 26, 2021 No Comments

Do businesses actually have a credit score? The short answer is — yes. And, these measures of financial responsibility are calculated much in the same way individual credit worthiness is determined. Although it’s not something that’s widely discussed or known about in the consumer world, businesses do have credit histories, and therefore detailed reports which give them scores. Read on to learn the basics about business credit scores and what you need to know. How Business Credit Scores are Calculated As mentioned above, a business credit score is measured very similar to the way individual scores are calculated. Meaning, the length of credit history, types of credit used, payment history, debts owed, and other factors. Unsurprisingly, the better a business handles its financials, the better score it earns. Businesses of all sizes may need credit. A carpenter with no employees may want to borrow money to buy equipment. A marketing professional with a few employees may be ready to purchase furniture and computers for a new office. A salon owner with subcontractors but no employees may want to buy, rather than rent, commercial property. Any type of business could benefit from a business credit card. —US News and World Report Of course, there are some differences, one of the most minor being the scores themselves. While individual credit scores range from a low of 300 to a high of 850, business scores range from 0 to 100, with 100 being the highest. Additionally, business credit scoring services use different models in order to determine the creditworthiness of companies. Also, instead of there being three main credit reporting bureaus for individuals, Equifax, Experian, and TransUnion, there are two principal business credit scoring entities: Dun & Bradstreet and Experian. How to Improve a Business’ Credit Score Since business credit scores rely on many of the same elements as individual consumers, nearly the same factors are used to assign a credit worthiness score. So, in order to maintain or improve a business’s credit score, companies must do the following: Keep debts manageable. Opening too many accounts and taking on large amounts of debt will only increase your financial risk. This not only hurts your business’s credit worthiness, it also puts a lot of strain on you as the owner. This is why it’s best to keep your credit accounts to a minimum and pay off as much debt as possible. Utilize different types of credit. Credit mix is also a consideration, meaning businesses having different types of credit accounts. While it’s advantageous to have various types of credit, it is equally advantageous to keep these to a minimum so you’re able to pay what’s owed in a timely manner. For instance, you might finance or lease vehicles through your business, have a business credit card, and maintain vendor credit accounts. All of these will go into determining your business’s creditworthiness. Be vigilant with your personal credit. One misnomer that entrepreneurs have about business credit is that it’s somehow separate from their personal credit and/or financial responsibilities. However, this is completely false. Business credit accounts almost always require an individual or personal guarantee. This of course means that if the business defaults on a line of credit, you are personally responsible for that particular debt. Moreover, business credit is partially scored on your personal credit, so it’s best to maintain a good personal score for the benefit of your company’s creditworthiness. What other suggestions do you have about maintaining a business’ credit score? Please take a moment to share your thoughts and experiences so others can benefit from your perspective! Interested in learning more about business? Then just visit Waters Business Consulting Group.